each of you must submit a report as an idea journal by offering three business ideas; for each idea, you have one page (500-600 Words) to clarify the followings:

each of you must submit a report as an idea journal by offering three business ideas; for each idea, you have one page (500-600 Words) to clarify the followings:each of you must submit a report as an idea journal by offering three business ideas; for each idea, you have one page (500-600 Words) to clarify the followings:

1. What is the product?
2. Explain needs and wants that will be satisfied with this product.
3. Identify some (minimum two) of the existing brands or businesses that offer similar products or satisfy similar needs and wants.
4. Explain the factors of production required for the establishment of business around your idea.
5. Explain possible challenges that an entrepreneur may face to establish a business to produce and offer such a product.